Neteller is a popular British electronic payment platform offering an eWallet available in Nigeria and more than 200 other countries. Neteller’s eWallet popularity is attributed to its low fees, high security, fast transaction times, and low foreign exchange fees.
Is Neteller available in Nigeria? Can I use Neteller in Nigeria? Yes, you can use Neteller in Nigeria to make purchases online, for e-gaming, send and receive money online, and to buy sell bitcoin and other cryptocurrencies.
How to Open a Neteller Account in Nigeria
Neteller offers two types of accounts in Nigeria; Personal and Business accounts.
- Neteller Personal Account. You can use the Neteller personal account to purchase products online, send and receive money from people, and to buy and sell cryptocurrencies in Nigeria.
- Neteller Business Account. Netelller business accounts are used by merchants to receive money from clients. The accounts can also be integrated to eCommerce platforms to make it easy for clients to pay for goods and services.
The following is how to open a Neteller account. You can do Neteller sign up in Nigeria either through the Neteller website or through the Neteller Mobile App. Either way, first click on the Register button and fill in your full name, email address, phone number, and create a password. You will then need to complete the Know Your Customer requirements before your account is ready for use. When the account is open, select your country and currency. You cannot change a currency once you choose.
How to Verify Neteller Account in Nigeria
Verifying your Neteller account increases your transaction volume, speeds responses from the customer support team, and also enables you to join the Neteller VIP program. It is also the first step that you must take before your Neteller account becomes fully active. Neteller verification time can take between 24 hours to 3 days.
Neteller Verification Documents
Documents required for Neteller account verification include a Driver’s License, International Passport, and National Identity Card.
Steps to Verify your Neteller Account
The first step is to fund your account because you cannot verify the account without first funding it. Next, upload your means of identification (Driver’s license, International passport, or National ID). You will then be taken to the verify your account page where you will complete the verification process.
- Verify your ID. You can verify your ID using one of three choices; either using your Facebook Account, Neteller Mobile App, or the Webcam option.
- Verify your Address. Verifying your address is the last step. Here, you will need to share your browser geo-location with Neteller (activate it on your browser). If you chose to verify your ID using your Facebook Account, your address verification will be processed automatically.
How to Deposit Money to Neteller
Neteller Cryptocurrency Deposits
First, log into your Neteller account and click on the “Money In” tab and select the bitcoin option. Type in the amount you want to deposit into your Neteller account (your bitcoin app should be running). You will then be redirected to a third-party app through which you will complete your transaction.
Neteller Bank Transfer Deposits
First, log into your Neteller account and click on the “Money In tab” then select the Bank transfer option. Next, choose the “Deposit Now” button and enter the amount you wish to load into your account and click “Continue”. Bank details and reference number to be used in the transaction will be displayed. Then, complete the payment either using your online banking, by visiting your local bank branch, at an ATM, or over the phone with your telephone banking.
Skrill Neteller Deposits
The Skrill Neteller transfer option will work only if you have a Skrill account. The first step is to log into your Neteller account. Next, click on the “Money In” tab and select the Skrill option. From here, you will be redirected to a Skrill page where you will add your Skrill account details. Next, click on the “Pay Now” tab and your Neteller account will be credited.
How to Withdraw from Neteller in Nigeria
You can withdraw funds from your Neteller account using several methods. First, you will go to the “Money Out” section which will lead you to the available withdrawal methods. From here, you can select your preferred withdrawal method. You can withdraw directly to your bank account, to your Skrill account, or to your mobile wallet. It is important to note that for all methods, you will need your secure ID to complete the transactions.
How to Withdraw from Neteller to Nigeria Bank Account
First, log into your Neteller account and head to the “Money Out” section. Choose the Bank Transfer option and click on “Withdraw Now”. If you are withdrawing for the first time, add your bank account details then click “Next” and enter the amount of money you wish to withdraw. After, click “Next” and a summary of your transaction details will be displayed. Check the details and if they are okay, click “Confirm” to complete the transaction. It usually takes 2-5 business days for your money to show up in your bank account.
How to Withdraw from Neteller to Skrill Account
If you have Skrill Nigeria account, then log into your Neteller account and go to the “Money Out” tab. Under Skrill, click on the “Withdraw Now” tab. Next, enter the amount you want to withdraw and a valid email address of the receiver (it can be you or another person). Click “Next” and check the summary of your transaction. If everything is fine, click “Confirm” to complete the withdrawal.
How to Withdraw from Neteller to your Mobile wallet
First, go to the “Money Out” tab in your Neteller account and select “Mobile Wallet” as your withdrawal option. Then, select “Withdraw Now” and click “Next” to enter the amount you wish to withdraw. On clicking “Next”, you will be taken to a page containing a summary of your withdrawal. Check and click “Confirm” to complete the transaction.
Neteller Transaction Fees
Neteller is a preferred payment service platform because it charges low fees as follows:
- Fund Deposits. Neteller charges 2.5% of the total amount when you deposit funds using visa, bank transfer, or global payment services.
- Fund Withrawals. Online purchases are free, withdrawing to your bank account is $10, while money transfers worldwide are 1.45% of the amount.
- Currency Conversion. For transactions involving currency conversion, Neteller adds 3.99% to the average daily interbank market rate published by an independent currency exchange data provider. On the other hand, VIP members will pay 1% per currency exchange fee.
Neteller Virtual Debit Card
When you sign-up for a Neteller account, you can create a Neteller virtual Mastercard from your account or order a physical card. The Net+ Virtual Mastercard is equivalent to any regular ATM card and is directly connected to your digital wallet. This means that it shares the same account balance with your Neteller eWallet balance. You can use your Net+ card at any ATM or any shopping location where MasterCard is accepted.
Is it Safe to Use Neteller in Nigeria?
Yes. Neteller is owned and operated by Paysafe Financial Services Limited and they are regulated to offer electronic money transactions by the Financial Conduct Authority in the UK. Neteller also has the best SSL encryption technology and two-step authentication to protect customer data.
Neteller Alternatives in Nigeria
Although Neteller Nigeria is an ideal eWallet for your transactions, it might not be what you need. The following are its alternatives in Nigeria:
Final Thoughts on Neteller Nigeria
Neteller is among the fastest and safest money transfer services used in Nigeria. The different levels of membership it offers allow you to make a choice based on your needs.